AI Powers MAG 7, Quantum Tests Bitcoin

The MAG 7 have reasserted itself as the leader. This is because of the Underestimated Impact of AI. Investors may not fully grasp the transformative power AI will have over the next 3-4 years and how much megatech can invest into it.

BITCOIN: FASB fair value accounting for Bitcoin starts today.

BITCOIN’S QUANTUM COMPUTING SCENARIO: Quantum computing will break about half of the cryptography that blockchain relies on. The half that they break can be replaced but are less efficient and slower. Quantum breaks elliptic curve signatures but does not break hashes. They do hashes way more efficient which might super centralized proof of work. If elliptic signatures break there will be hash based signatures and lattice based signatures. Bitcoin does everything with soft forks and will need to add signatures that are quantum resistant. These are 10x bigger than elliptic curve signatures (slower).

Copper and materials are not responding to the China stimulus.

Look at the earnings revisions of the Mag 7 vs the rest of the 493 stocks in the S&P.

Equal weight S&P is lagging while tech weighted is leading.

Fidelity’s Model

Ethereum will continue to lag Bitcoin.

RuneScape has been out over 20 years and has just set their highest concurrent player record ever.